Right to obtain trust deed copies: debenture holders and members can demand copies; refusal attracts penalties. A debenture holder or member may request and must be forwarded a copy of any trust deed securing debentures within seven days on payment of prescribed fees for printed and unprinted deeds. Failure or refusal to supply the copy within the time exposes the company and defaulting officers to fines for each offence and daily continuing fines. The trust deed is also open for inspection by members and debenture holders on the same terms and fees as the register of members, and the Central Government may direct immediate dispatch of the copy.
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Provisions expressly mentioned in the judgment/order text.
Right to obtain trust deed copies: debenture holders and members can demand copies; refusal attracts penalties.
A debenture holder or member may request and must be forwarded a copy of any trust deed securing debentures within seven days on payment of prescribed fees for printed and unprinted deeds. Failure or refusal to supply the copy within the time exposes the company and defaulting officers to fines for each offence and daily continuing fines. The trust deed is also open for inspection by members and debenture holders on the same terms and fees as the register of members, and the Central Government may direct immediate dispatch of the copy.
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